US Core Retail Sales m/m 12/11/09

8:30am (NY Time) US Core Retail Sales    Forecast 0.5%  Previous 0.2%
8:30am (NY Time) US Retail Sales                            Forecast 0.6%      Previous 1.4%
ACTION: USD/JPY or USD/CHF  (CORE)    BUY 1.1%        SELL -0.1%

We will be trading Retail Sales release out of U.S. today. We have both retail sales (healine and core, also know as ex auto) scheduled to be released at exactly 8:30am, and it is important that there is no conflict with these numbers or this will be an automatic no trade.  The Core release is usually more accurate reflection of the activities at the retail level because it excludes the volatile Automotive components; the headline Retail Sales should be in the same direction as of the Core reading.

As we could probably expect the market to react based on risk sentiment, but we’ll also look to see if U.S. Fundamental outlook will start to affect price action; therefore I may have to focus on other pairs such as the EUR/USD or GBP/USD as well as the USD/JPY.  All depend on the pre-release movement and also the Strength Meter.

DEFINITION:

“(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.”

Related posts:

1. US Core Retail Sales m/m 11/16/09
2. US Core Retail Sales m/m 10/14/09
3. US Core Retail Sales m/m 09/15/09
4. Trading Plan For UK Retail Sales 06/17/10
5. UK Retail Sales m/m 01/22/10
6. Trade Plan For UK Retail Sales 05/20/10
7. UK Retail Sales m/m 02/19/2010
8. Forex Trading Plan For UK Retail Sales 04/22/10
9. UK Retail Sales m/m 12/17/09
10. UK Retail Sales 03/25/2010